June 27, 2018

Trinity completes $2.6M sale of 200 Constitution Plaza

PHOTO | Trinity College
PHOTO | Trinity College
10 Constitution Plaza in downtown Hartford.

Trinity College has completed its sale of 200 Constitution Plaza for $2.6 million but still maintains its downtown Hartford presence, school officials confirmed.

Trinity finalized the sale with BHN Associates and LHR Group in April, just about four years after the school purchased the 135,000-square-foot building for $2 million.

Meantime, the school also in April began leasing a combined 21,000 square feet in 10 Constitution Plaza, a freestanding, low-rise building, and adjacent One Constitution Plaza, said Dan Hitchell, Trinity's vice president of finance and operations. The private liberal-arts college's main campus is located in the city's South End.

Trinity's downtown Hartford real estate plays are part of a broader trend of colleges wanting to be closer to city centers. UConn's downtown Hartford campus debuted last fall and the University of St. Joseph opened its pharmacy school in the Capital City in 2011.

Trinity purchased 200 Constitution Plaza in 2014 hoping the property could serve as the school's downtown anchor location, but it quickly realized it bought more space than it needed and didn't want to become a landlord to other tenants.

By year-end, One Constitution Plaza will house Trinity's graduate studies and certificate programs on the third floor. For now, the space at 10 Constitution Plaza hosts the school's Liberal Arts Action Lab (LAAL), a partnership with Capital Community College where faculty and pupils conduct research and solve problems facing the city.

The collaboration urges nonprofits to bring issues to the program, where students utilize their liberal arts-based skills and knowledge about Hartford to drive social change and improve civic engagement.

BHN Associates and LHR Group, which own the majority of Constitution Plaza, could not be reached for comment regarding plans for their recently acquired space.

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